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<br />Preview
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<br />Page 3 of 4
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<br />Isles Blvd property.
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<br />S. Fund Balance-Reappropriated ($780,000) - This is to true up the actual fund balance that was
<br />reappropriated.
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<br />T. Land-Other ($4,687,857) - This is to account for additional land acquisition costs.
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<br />Stormwater Fund (40)
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<br />The Stormwater Fund amendments consist of a total upward adjustment of $1 ,970,140.
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<br />U. Transfer In-Capital Improvement Projects Fund ($1,275,000) - This is to budget for write-off
<br />of $1.275M from the $2.5M interfund loan with the Capital Improvement Projects Fund.
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<br />V. Transfer In-Stormwater Capital Fund ($695,140) - This is to account for the reimbursement
<br />of engineering and design costs for the Central Island Drainage project from the $3.5M Bond
<br />Proceeds.
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<br />Stormwater Capital Fund (45)
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<br />The Stormwater Capital Fund amendments consist of a total upward adjustment of $3,500,000.
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<br />W. Bond Proceeds ($3,500,000) - This is to budget the $3.5M Stormwater Revenue Bond.
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<br />X. Central Island Drainage ($800,000) and Heritage Park ($400,000) - This is to budget for the
<br />capital projects costs.
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<br />Y. Bond Issuance Costs ($14,500) - This is to budget for the bond issuance costs.
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<br />Z. Transfer Out-Stormwater Fund ($695,140) - This is to budget the reimbursement for design
<br />and engineering costs the Stormwater Fund incurred for the Central Island Drainage project.
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<br />AA. Fund Balance Reserves ($1,590,360) - This is to budget the remaining balance of the bond
<br />proceeds.
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<br />The net impact on the budget of the proposed Fourth Quarter amendments is summarized below.
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<br />Fund Original Current Proposed Net
<br /> Budget Budget Amended
<br /> Budget Budget
<br /> Chanae
<br />10 - General 27,548,977 35,898,977 35,898,977 0
<br />20 - CIP 18,978,950 19,616,900 19,616,900 0
<br />35 - 2010 Capital 0 15,000,000 15,000,000 0
<br />Proiects
<br />40 - Stormwater 985,600 1,073,720 3,043,860 1,970,140
<br />45 - Stormwater Capital 0 0 3,500,000 3,500,000
<br />50 - Land Bank 5,420,000 13,237,865 17,925,722 4,687,857
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<br />http://sibagenda. sibfl.net/agenda/Preview .aspx?I temID=3 60&MeetingID=0&MeetingDate... 10/8/2010
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